5/24/2005

We are definitely forming some type of base here. I see it in a few technology stock, they seem so relentless to keep on moving. Today, I cover my short on plab -.70/share and sold petm for -.65/share . These loss I took to build cash for other opportunities. I was losing cash because it all went to shorting rimm. This rimm and sgtl is starting to agitate me. It is quite painfully for these stock to act the opposite of what I was expecting. But, I still believe in my positions and the common sense will start to be back in these stocks. I'll just be watching my positions and any other stocks that come along for the remainder of the week, since the earning season is pretty much slow to a crawl. I will watch eyet tomorrow to see will it do a dead cat bounce.

Trades: sold petm, cover plab
Watch: positions
Current unrealized g/l:
aapl -1.25/share
sgtl -2.65/share
vlo +6.30/share
rimm -5.00/share